Kara Hurring, 33, allegedly fled the country in April 2009 after a $10 million overdraft facility was mistakenly loaded by Westpac into the account of her partner Hui 'Leo' Gao.
Theft and money laundering charges originally laid against Hurring after her arrest were dropped and replaced by charges of international money laundering to the value of more than HK$1.5 million [$230,000] relating to activities in Macau.
A further 26 charges of theft to the value of about $11,000 were also laid, as well as two counts of attempting to use a document.
Today in the Rotorua District Court she pleaded not guilty to the charges.
A four woman and eight man jury has been selected to hear the case against Hurring, which has been set down for four days.
Opening arguments are expected to be heard this afternoon.
Gao had applied to Westpac for a $100,000 overdraft for his struggling BP petrol station but the bank accidentally transferred $10m.
When he realised the error he allegedly skipped the country, and Hurring - the mother of his child - followed days later.
Gao is accused of transferring almost $6.8 million of Westpac's money into several accounts before fleeing overseas.
About $3.7m is still missing.
The couple's disappearance sparked an international manhunt involving Interpol and other overseas agencies.
Gao was arrested in Hong Kong last September and was returned to New Zealand just before Christmas. He did not oppose being extradited and was remanded in custody.
Hurring was arrested when she re-entered New Zealand earlier last year.
Gao will face trial at a later date.
